ALLIANCE ENTERTAINMENT HOLDI (AENT) Stock Technical Analysis
NASDAQ:AENT - US01861F1021 - Common Stock
5.61 USD
+0.41 (+7.88%)
5.69 USD
+0.08 (+1.43%)
We assign a technical rating of 9 out of 10 to AENT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AENT is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that AENT is one of the better performing stocks in the market, outperforming 98% of all stocks.
AENT is part of the Distributors industry. There are 20 other stocks in this industry. AENT outperforms 100% of them.
In the last month AENT has a been trading in the 4.34 - 5.97 range, which is quite wide. It is currently trading near the high of this range.
AENT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AENT is lagging the market.
Besides having an excellent technical rating, AENT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.03
6.29
We found 4 important support areas.
- A support zone ranging from 5.11 to 5.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.89 to 4.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.33 from a trend line in the daily time frame.
- Support @3.06 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.63 to 5.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.23 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AENT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AENT is neutral. |
| ChartMill Relative Strength | 98.82 | POSITIVE | AENT has a high relative strength, it outperformed 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AENT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AENT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AENT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.98 | NEUTRAL | The RSI value for AENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AENT has a positive trend. |
| Stochastics (14,3) | 49.78 | NEUTRAL | The Stochastics value for AENT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.36 | HIGH VOLATILITY | The high ATR as a percentage value for AENT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for AENT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.66 | 5.10 | 0.56 (9.89%) | 10.11% |
| An entry @5.66. This is a Buy Stop order right above the resistance zone. | An exit @5.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 9.89%. | When investing 10.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AENT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.61
+0.41 (+7.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg7.88%
1 Week-3.99%
2 Weeks5.25%
1 Month4.37%
3 Month98.23%
6 Month34.86%
12 Month318.66%
2 Year177.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%8.36%
ATR Inc0.49%
Range Today0.39
ADR(20)0.45
ADR(20)%8.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.82
Mansfield2.01
10 Day High5.97
10 Day Low4.58
20 Day High5.97
20 Day Low4.34
52 Week High11.57
52 Week Low1.1
CS1 End5.21
CR1 Start5.63
Volume & EV
DER(3)-1.51%
DER(5)-2.95%
Volume34.50K
Volume Incr-10.33%
Vol(5)36.00K
Vol(50)42.33K